Exchange rates vis-a-vis the U.S. dollar have changed little over time
a. True
b. False
Indicate whether the statement is true or false
False
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Everything else held constant, an autonomous monetary policy easing ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply
The horizontal demand curve facing an individual firm in a perfectly competitive market: a. violates the law of demand, which states that demand curves slope downward. b. is a reflection of the firm's small size relative to the total market
c. is maintained only with the help of high barriers to entry. d. is a reflection of the inelastic demand for its product.
The theory of purchasing-power parity implies that the demand curve for foreign-currency exchange is
a. downward sloping. b. upward sloping. c. horizontal. d. vertical.
The labor force equals the number of people
A) employed. B) unemployed. C) employed plus unemployed. D) in the working-age population.